Dragon Boats China

Non-stop heavy rains lashed parts of southwest China on Friday, triggering floods in cities, engulfing roads and partially submerging buildings.

Seventeen people were killed Saturday after two dragon boats capsized in southern China, state-run Xinhua news agency said.

Weak demand in top consumer China also weighed on investor sentiment, with buying interest failing to come back strongly after the Dragon Boat festival on Monday. Spot gold was flat at $1,244.55 an ounce by 0241 GMT. The five-day decline before Tuesday is the metal's longest losing streak in nearly seven months.

Non-stop heavy rains lashed parts of southwest China on Friday, triggering floods in cities, engulfing roads and partially submerging buildings.

Seventeen people were killed Saturday after two dragon boats capsized in southern China, state-run Xinhua news agency said.

Weak demand in top consumer China also weighed on investor sentiment, with buying interest failing to come back strongly after the Dragon Boat festival on Monday. Spot gold was flat at $1,244.55 an ounce by 0241 GMT. The five-day decline before Tuesday is the metal's longest losing streak in nearly seven months.